M&A Deal Summary

HUB International Acquires Norton Insurance Agency

On October 3, 2016, HUB International acquired insurance company Norton Insurance Agency

Acquisition Highlights
  • This is HUB International’s 205th transaction in the Insurance sector.
  • This is HUB International’s 168th transaction in the United States.
  • This is HUB International’s 2nd transaction in Maine.

M&A Deal Summary

Date 2016-10-03
Target Norton Insurance Agency
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Norton Insurance Agency

Cumberland Foreside, Maine, United States
Norton Insurance Agency, Inc. is a provider of commercial property & casualty and personal lines insurance.

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Buyer(S) 1

Buyer

HUB International

Chicago, Illinois, United States

Category Company
Founded 1998
Sector Insurance
Employees10,000
Revenue 2.2B USD (2018)
DESCRIPTION
HUB International office in Burlington, North Carolina.
HUB International office in Burlington, North Carolina.

HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 209 of 581
Sector (Insurance) 205 of 529
Type (Add-on Acquisition) 181 of 529
State (Maine) 2 of 3
Country (United States) 168 of 456
Year (2016) 22 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Norton Financial Services

Cumberland Foreside, Maine, United States

Norton Financial Services, Inc. is a provider of securities and advisory services along with employee benefits insurance solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Sweet & Baker Insurance Brokers

San Francisco, California, United States

Sweet & Baker Insurance Brokers, Inc. is a multi-line insurance solutions provider. The company client services include an impartial assessment of benefit plans, a resource for statutory issues, renewal assessments, and ongoing support for enrollment, billing, administration and claim issues.

Buy -